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Marcus & Millichap Arranges the Sale of a 1,820-Square-Foot Net-Leased Property

May 03, 2022

EAU CLAIRE, WI, May 3, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Starbucks, a 1,820-square-foot net-leased property located in Eau Claire, Wisconsin, according to Todd E. Lindblom, regional manager of the firm’s Minneapolis office. The asset sold for $1,563,545.

Tom Gommels, an investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Todd Lindblom, Wisconsin broker, assisted in the transaction.

Starbucks is located at 2016 S Hastings Way in Eau Claire, Wisconsin. The property closed 47 days after being activated as the buyer was an all-cash purchaser in a 1031 exchange.

 

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

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